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Military expenditures

Venezuela — 35 years of data

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Historical Values
Year Value
1990 1.1% of GDP, or $570 million (1990 est.)
1991 $1.9 billion, 4.3% of GDP (1991)
1992 exchange rate conversion - $1.95 billion, 4% of GDP (1991)
1993 exchange rate conversion - $1.95 billion, 4% of GDP (1991)
1994 exchange rate conversion - $1.95 billion, 4% of GDP (1991)
1995 exchange rate conversion - $1.95 billion, 4% of GDP (1991) VIETNAM
1997 1.4% (1996)
1998 1.4% (1996)
1999 1% (1998)
2000 0.9% (FY99)
2001 0.9% (FY99)
2002 0.9% (FY99)
2003 0.9% (FY99)
2004 1.3% (2003)
2005 1.5% (2004)
2006 1.2% (2005 est.)
2007 1.2% (2005 est.)
2008 1.2% of GDP (2005 est.)
2009 1.2% of GDP (2005 est.) country comparison to the world: 130
2010 1.2% of GDP (2005 est.) country comparison to the world: 123
2011 1.2% of GDP (2005 est.) country comparison to the world: 120
2012 1.2% of GDP (2005 est.) country comparison to the world: 119
2013 0.7% of GDP (2012) country comparison to the world: 154
2014 1.05% of GDP (2012) country comparison to the world: 98 0.75% of GDP (2011) 1.05% of GDP (2010)
2015 2.6% of GDP (2013) | 2.5% of GDP (2012) | 1.8% of GDP (2011) | country comparison to the world: 98
2016 1% of GDP (2015) | 1.63% of GDP (2014) | 1.4% of GDP (2013) | 1.3% of GDP (2012) | country comparison to the world: 98
2017 1% of GDP (2015) | 1.16% of GDP (2014) | 1.43% of GDP (2013) | 1.3% of GDP (2012) | 0.75% of GDP (2011) | country comparison to the world: 98
2018 1% of GDP (2015) | 1.16% of GDP (2014) | 1.43% of GDP (2013) | 1.3% of GDP (2012) | 0.75% of GDP (2011)
2019 0.49% of GDP (2017) | 0.45% of GDP (2016) | 0.94% of GDP (2015) | 1.16% of GDP (2014) | 1.67% of GDP (2013)
2020 0.5% of GDP (2017) | 0.5% of GDP (2016) | 1% of GDP (2015) | 1.2% of GDP (2014) | 1.7% of GDP (2013)
2021 0.4% of GDP (2017) 0.5% of GDP (2016) 0.9% of GDP (2015) 1.1% of GDP (2014) 1.6% of GDP (2013)
2022 5.2% of GDP (2019 est.) (approximately $7.5 billion) 4.4% of GDP (2018 est.) (approximately $9.9 billion) 2.9% of GDP (2017 est.) (approximately $8.5 billion) 2.2% of GDP (2016 est.) (approximately $7.7 billion) 1.8% of GDP (2015 est.) (approximately $9.3 billion)
2023 5.2% of GDP (2019 est.) 4.4% of GDP (2018 est.) 2.9% of GDP (2017 est.) 2.2% of GDP (2016 est.) 1.8% of GDP (2015 est.)
2024 5.2% of GDP (2019 est.) 4.4% of GDP (2018 est.) 2.9% of GDP (2017 est.) 2.2% of GDP (2016 est.) 1.8% of GDP (2015 est.)
2025 0.6% of GDP (2024 est.) 0.5% of GDP (2023 est.) 0.6% of GDP (2022 est.) 0.3% of GDP (2021 est.) 1.6% of GDP (2020 est.)